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The math here only works if you ignore the reduction in savings due to spending more, and the reduction of the value of your savings.
by wiredfool 3y ago
The math here only works if you ignore the reduction in savings due to spending more, and the reduction of the value of your savings.
- jessiewbailey1 3y agoCorrect. This article is idiotic. They completely ignore lifetime consumption and only look at current consumption, forgetting that those stocks and other income generating assets are also X% more expensive.